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Medtronic MDT Q1 2025 earnings

Reported August 20, 2024 · Before market open

Revenue estimate$7.9B
EPS estimate$1.20

Next report

Aug 18, 2026 (in 2 months)
Revenue estimate$9.6B
EPS estimate$1.39

Financials

Q1 2025

Income statement

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Revenue$7.9B+2.8%
Gross profit$5.2B+1.6%
Operating income$1.3B+0.8%
Net income$1.0B+31.7%
EPS (diluted)$0.80+35.6%

Balance sheet

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Cash & equivalents$1.3B-2.1%
Total debt$27.9B+11.5%
Total equity$47.9B-6.3%
Total assets$89.7B-1.1%

Cash flow

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Operating cash flow$986.0M+12.7%
CapEx$520.0M+46.9%
Free cash flow$466.0M-10.6%

Valuation & ratios

Valuation

as of 07/26/24
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Market cap$106.21B-9.0%
Enterprise value$132.81B-5.4%
P/E27×-5.2×
P/S3.3×-0.4×

Profitability

See full
Gross margin65.2%-0.5pp
Operating margin15.8%-2.0pp
Net margin12.1%+0.6pp
FCF margin15.8%+1.7pp

Returns & leverage

See full
Return on equity7.9%+1.0pp
Debt / equity0.6×+0.1×
Current ratio2.1×-0.3×

Segments

By segment

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Cardiovascular$3.0B+5.5%
Neuroscience$2.3B+4.4%
Medical Surgical$2.0B-0.4%
Diabetes$647.0M+11.9%
Other operating segment$38.0M-24.0%

By geography

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United States$4.1B
Ireland$30.0M

Versus estimates

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Questions, answered.

When did Medtronic report Q1 2025 earnings?
Medtronic (MDT) reported Q1 2025 earnings on August 20, 2024 before market open.
What were Medtronic's Q1 2025 revenue and EPS?
Medtronic reported revenue of $7.9B and diluted EPS of $1.23 for Q1 2025.
Did Medtronic beat estimates in Q1 2025?
Revenue beat the consensus estimate of $7.9B by $16.4M. EPS beat the consensus estimate of $1.20 by $0.03.
Where can I find Medtronic's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001613103-24-000147) directly on SEC EDGAR. The filing index links above go to sec.gov.